The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-10
THE RAILROADS..

TEXAS rates are once moro restored
TO the old tariff figures.
Ar point near Freepert, ILL.,, grad.
ing was begun Saturday on what is
known a. the Freeport, Dodgeville
and Northern line, supposed to be In
the interest Of the Illinois Central.
The syndicate which recently OBJ
tanned control Of the Georgia Central
railroad Ia said 10 have gone to pieces,
and 10000 shares OF the stock have
been sold to John H. Inmsn, OF New
York.
A CARGO OF $50 tons Of steel rails for
the GUADALUPE branch Of the Central
will soon arrive, and another lot OF
1900 tons Is also en- route ard will be
on the ground the last OF August. A
long section Ia graded and In readiness
Tor the rails rs fact as they can be laid.
THERE were fiity.four locomotives
exported from the United States dur.
ing the eleven months ending with
May 81, 1887, compared with flty-one
during the corresponding period Of the
preceding fiscal year. During the
same period, car wheels we're export
ed 10 the number OF 1928 and 1919,
respe ctively.
The large railway companies Of Eng.
land all own and mar age one or more
large hotels. Many Of them have bo.
tells at all the most important points
on their lines besides their termini.
The idea Is the encouragement and de.
velopment Of travel, especially 10
places which have some claims for
popular resort.
0vKR 600 railway cars, composed
almost wholly Of steel and iron, are
being built In 4 Igland for the rail-
ways Of Hindostsn. The climatic con.
ditions OF India are % destructive OF
wooden cars ss 10 the climate OF Mexi.
co, where cars require continual re-
pairr, and wear out even faster when
not In use than when actively en-
ployed. Gar repair there 10 q large
item In the expenditures Of the rail-.
way companies, and one not easily 70.
duce1.
CHAIRMAN FINK is quoted % having
said just before his departure for Eu-
rope, that since the interstate law
went into effect that east bound tom
mage OF the trunk lines has shown an
average increase OF over 10 per cent.
In Volume as compared with last year.
EsTninso have been greater on the |
same amonnt OF Tonnage, for although |
schedule rates were practically the |
same In both years, they were main |
tained this year, while there was no
knowing what the correct rates were
one year ago.
"RIALro" Of the. Boston Advertiser |
says: "Gossip places the ralsry Of 7. |
j. Potter a. $4,000. have been
credibiy informed that $4,000 10 the |
correct amount, and that there were
other inducements of sred In the WY
Of possible presldencies. IL ia likely
that II will be President Potter after |
the neZt Oregon Railway and Naylsa.
-. -sNeaeh W hth fftblutut hUuiilh
has completed the work on the Union
Pacific, which his ambition has mapped
but, II Is probable that he will take
Advantage Of the frs, opportunity 10
retire. Then, IL may be, another pres.
Idency will fall 10 Mr.. Potter"
Nrw YoRK, August 9.-rhe second
'tep In the reorganization Of the Nickle
Plate read. In the interes, Of the Lake
Shore, was taken today al a meeting
81 directors OF Erie and State Line
md New York, ChlcsRo and 81. Louis
comprising two sections OF
he Niokle Pate company when both
were consolidated. This
Iiep will be repeated With the three
,ther companies formed under the
avs Of the States through which the
Inc paseoed, the final meeting for the
Of the entire system be.
ng liked Tor September 20.h. The new
'ecuritles will be ready about October
ls'. II. b. Holmes resigned 90 secre.
AIRY Of the Nickle Plate,